 | |
| Company type | Private |
|---|---|
| Industry | Financial services, Power, Oil and Gas, Real Estate, Hospitality, Healthcare and Insurance |
| Founded | August 1, 2010 |
| Founders | Tony Elumelu |
| Headquarters | , Nigeria |
Area served | Worldwide |
Key people | Tony Elumelu Chairman Emmanuel Nnorom Group CEO |
| Website | heirsholdings.com |
| Footnotes /references [1] | |
Heirs Holdings is a family-owned investment holding company headquartered in Lagos, Nigeria with investment interests in various sectors in Africa. [2]
Heirs Holdings was founded in 2010 by Tony O. Elumelu has more than 670 employees, CON after his retirement in 2010 from the United Bank for Africa (UBA) Plc, where he had served as Group Managing Director. [3] [4]
In 2011, Heirs Holdings made its first investment by acquiring a controlling stake in Transcorp, Nigeria's largest listed conglomerate. [5] [6]
In 2012, Heirs Holdings made further investments in the real estate and financial sectors. Afriland Properties Plc, a property management, investment, and development company; United Capital Plc, a financial and investment services group; and Africa Prudential Registrar Plc, a share registration service provider. [7]
In 2013, Heirs Holdings committed US$2.5bn, as the single largest private sector investor in President Barack Obama Power Africa Initiative with the ambition to add 30,000MW of new electricity generation capacity, to increase electricity access by at least 60 million new connections in Sub-Saharan Africa. [8] [9]
In 2020, Heirs Holdings successfully acquired OML17 from Shell, Total and Eni in what's termed the largest oil and gas transaction in Africa for the year 2020. [10] [11] [12]
Heirs Holdings' Investments are organised into six verticals: Financial Services, Power, Oil and Gas, Real Estate, Hospitality and Healthcare. [13]
Heirs Holdings’ interests and investment in financial services cuts across banking, insurance, investment banking, asset management and capital market registration. [14] [15]
Investment in property development and facility management services.
Investment in Power, Oil & Gas sectors
These investments are part of Heirs Holdings’ commitment to USAID's Power Africa initiative. [18]
Investment in health facilities, equipment, and services. [21]
As of August 1, 2021: [22]
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Abuja Investments Company Limited (AICL) is a Nigerian development and investment company for the Federal Capital Territory Administration (FCTA), based in the city of Abuja. It provides investments for economic development for the Federal Capital Territory region in Nigeria.
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Transcorp Hotels Plc, formerly Transnational Hospitality & Tourism Services Limited (THTSL), is the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), a conglomerate with interests in the power, hospitality, agriculture, and oil and gas sectors, headquartered in Lagos. It was listed on the Nigerian Stock Exchange in January 2015.
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